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John Hawkins, Head, Canberra School of Government, University of Canberra

The 2025 Nobel economics prize honours economic creation and destruction

Joel Mokyr Peter Howitt Philippe Aghion Economics Economic Growth Alfred Nobel

Economists Joel Mokyr, Philippe Aghion, and Peter Howitt. Ill. Niklas Elmehed © Nobel Prize Outreach

Three economists working in the area of “innovation-driven economic growth” have won this year’s Nobel Memorial Prize in Economic Sciences.

Half of the 11 million Swedish kronor (about A$1.8 million) prize was awarded to Joel Mokyr, a Dutch-born economic historian at Northwestern University.

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